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Portable Mini Fridge Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025

  • ID: 4828907
  • Report
  • February 2019
  • Region: Global
  • 185 pages
  • Allied Analytics LLP
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Portable Mini Fridge Market Overview:

Portable mini fridge also known as travel mini fridge is a compact size fridge that can be easily moved around. The smaller frame and light weight allow it to be set up virtually anywhere. Typically, portable mini fridge helps to keep food, beverages, cosmetics, and medicines cool while traveling or outing. Portable mini fridge is ideal option for micro homes and RV (recreational vehicles) as it does not occupy a lot of space compared to the traditional counterpart. They are widely used across different hospitals and clinics to keep organs and drugs under a certain temperature. They also are very energy efficient as a baseline product in this category requires only 12 volts to function.

The rise in trend of outings and picnic in the Western countries is expected to boost the growth of the portable mini fridge market. It plays an important role of keeping food, beverages, and other similar items fresh throughout the outing. The global portable mini fridge market is driven by rise in the preference of consuming fresh and cooked food. Moreover, technological advancements leading to the emergence of more energy efficient models boost the growth of the portable mini fridge market. However, high cost of the product hinders the market growth. Adoption of micro home concepts & mobile homes and increase in the adoption of recreational vehicles are expected to provide lucrative opportunities for the market growth during the forecast period.

The portable mini fridge market is segmented based on type, application, and region. On the basis of type, the market is segmented into less than 1 cu. ft., 1–1.9 cu. ft., 2–2.9 cu. ft., 3–3.9 cu. ft., and 4–5 cu. ft. Based on application, the market is divided into commercial and residential use. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Europe is one of the regions where the adoption of portable mini fridge is high. The key players in the industry relied on acquisition and expansion as strategies to overcome competition and improve their share in the world market. The key players profiled in the report include ARB, Danby, Dometic Group AB, EdgeStar (Living Direct, Inc.), Engel Australia Pty Ltd., Haier Inc, Koolatron, LG Electronics, Godrej Group, and Whynter.

Key Benefits for Portable Mini Fridge Market:

The report provides an in-depth analysis of the current trends, drivers, and dynamics of the portable mini fridge market to elucidate the prevailing opportunities and potential investment pockets.
It offers qualitative trends as well as quantitative analysis from 2018 to 2025 to assist stakeholders to understand the market scenario.
In-depth analysis of the key segments demonstrates the types of diabetic footwear.
Competitive intelligence of the industry highlights the business practices followed by key players across geographies and the prevailing market opportunities.
The key players are profiled along with their strategies and developments to understand the competitive outlook of the industry.

Portable Mini Fridge Key Market Segments:

By Type

Less Than 1 cu. ft.
1–1.9 cu. ft.
2–2.9 cu. ft.
3–3.9 cu. ft.
4–5 cu. ft.

By Application

Commercial Use
Home Use
By Region

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Benelux
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Note: Product cover images may vary from those shown
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CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits
1.4. Research methodology
1.4.1. Primary Research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective

CHAPTER 3: MARKET LANDSCAPE
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porters five force
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Intensity of competitive rivalry
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Need for cold storage in commercial vehicles.
3.5.1.2. Increasing demand from residential customers.
3.5.1.3. Growing hospitality industry and increasing popularity of mobile medical services and transport.
3.5.2. Restraints
3.5.2.1. High cost of portable mini fridge and lower demand for luxury cars and RVs in some emerging economies.
3.5.2.2. Limitations in cooling efficiency and storage.
3.5.3. Opportunities
3.5.3.1. Innovation in terms of design and increasing adoption of RVs, mobile living concept

CHAPTER 4: PORTABLE MINI FRIDGE BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Less than 1 cu. ft.
4.2.1. Key market trends, Growth factors and Opportunities
4.2.2. Market Size and Forecast
4.3. 1 1.9 cu. ft.
4.3.1. Key market trends, Growth factors and Opportunities
4.3.2. Market Size and Forecast
4.4. 2 2.9 cu. ft.
4.4.1. Key market trends, Growth factors and Opportunities
4.4.2. Market Size and Forecast
4.5. 3 3.9 cu. ft.
4.5.1. Key market trends, Growth factors and Opportunities
4.5.2. Market Size and Forecast by Region
4.6. 4 - 5 cu. ft.
4.6.1. Key market trends, Growth factors and Opportunities
4.6.2. Market Size and Forecast by Region

CHAPTER 5: PORTABLE MINI FRIDGE BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Commercial use
5.2.1. Key market trends, Growth factors and Opportunities
5.2.2. Market Size and Forecast by Region
5.2.3. RVs
5.2.4. Caravans
5.2.5. Tug boats & Transport boats
5.2.6. Others
5.3. Home Use
5.3.1. Key market trends, Growth factors and Opportunities
5.3.2. Market Size and Forecast by Region

CHAPTER 6: PORTABLE MINI FRIDGE BY REGION
6.1. Overview
6.1.1. Market size and forecast
6.2. North America
6.2.1. Key market trends and opportunities
6.2.2. Market size and forecast by type
6.2.3. Market size and forecast by Application
6.2.4. Market size and forecast by country
6.2.5. U.S.
6.2.5.1. Market size and forecast by type
6.2.5.2. Market size and forecast by application
6.2.6. Canada
6.2.6.1. Market size and forecast by type
6.2.6.2. Market size and forecast by application
6.2.7. Mexico
6.2.7.1. Market size and forecast by type
6.2.7.2. Market size and forecast by application
6.3. Europe
6.3.1. Key market trends and opportunities
6.3.2. Market size and forecast by type
6.3.3. Market size and forecast by application
6.3.4. Market size and forecast by country
6.3.5. Germany
6.3.5.1. Market size and forecast by Type
6.3.5.2. Market size and forecast by Application
6.3.6. UK
6.3.6.1. Market size and forecast by type
6.3.6.2. Market size and forecast by application
6.3.7. France
6.3.7.1. Market size and forecast by type
6.3.7.2. Market size and forecast by application
6.3.8. Russia
6.3.8.1. Market size and forecast by Type
6.3.8.2. Market size and forecast by Application
6.3.9. Benelux
6.3.9.1. Market size and forecast by type
6.3.9.2. Market size and forecast by application
6.3.10. Italy
6.3.10.1. Market size and forecast by type
6.3.10.2. Market size and forecast by application
6.3.11. Spain
6.3.11.1. Market size and forecast by type
6.3.11.2. Market size and forecast by application
6.3.12. Rest of Europe
6.3.12.1. Market size and forecast by type
6.3.12.2. Market size and forecast by application
6.4. Asia-Pacific
6.4.1. Key market trends and opportunities
6.4.2. Market size and forecast by type
6.4.3. Market size and forecast by application
6.4.4. Market size and forecast by country
6.4.5. China
6.4.5.1. Market size and forecast by Type
6.4.5.2. Market size and forecast by Application
6.4.6. Japan
6.4.6.1. Market size and forecast by type
6.4.6.2. Market size and forecast by application
6.4.7. India
6.4.7.1. Market size and forecast by type
6.4.7.2. Market size and forecast by application
6.4.8. Australia
6.4.8.1. Market size and forecast by Type
6.4.8.2. Market size and forecast by Application
6.4.9. South Korea
6.4.9.1. Market size and forecast by type
6.4.9.2. Market size and forecast by application
6.4.10. Rest of Asia-Pacific
6.4.10.1. Market size and forecast by type
6.4.10.2. Market size and forecast by application
6.5. LAMEA
6.5.1. Key market trends and opportunities
6.5.2. Market size and forecast by type
6.5.3. Market size and forecast by application
6.5.4. Market size and forecast by country
6.5.5. Brazil
6.5.5.1. Market size and forecast by Type
6.5.5.2. Market size and forecast by Application
6.5.6. Saudi Arabia
6.5.6.1. Market size and forecast by type
6.5.6.2. Market size and forecast by application
6.5.7. South Africa
6.5.7.1. Market size and forecast by type
6.5.7.2. Market size and forecast by application
6.5.8. Rest of LAMEA
6.5.8.1. Market size and forecast by type
6.5.8.2. Market size and forecast by application

CHAPTER 7: COMPANY PROFILE
7.1. ARB
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments
7.2. Danby
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Product portfolio
7.2.4. Key strategic moves and developments
7.3. Dometic Group AB
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments
7.4. EdgeStar (Living Direct, Inc.)
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.5. Haier Inc.
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments
7.6. Koolatron CA
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Product portfolio
7.7. LG Electronic
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.8. Godrej Industries
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments
7.9. Engel Australia Pty Ltd.
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Product portfolio
7.10. Whynter LLC
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
Note: Product cover images may vary from those shown
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According to this report titled 'Portable Mini Fridge Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,' the global portable mini fridge market size is estimated to reach $1,748.9 million in 2025 growing at a CAGR of 5.0% through the forecast period. The 45 cu. ft. segment dominated the global portable mini fridge market in 2017 and is expected to maintain the dominance throughout the forecast period. Portable mini fridge is a compact fridge with an augmented feature of portability, which is used for cooling food and drinks. Therefore, it is an ideal option for micro homes and RV (recreational vehicles) as it does not occupy a lot of space compared to the traditional counterpart. They are widely used across different hospitals and clinic to keep drugs under a certain temperature.

The portable mini fridge market is driven by rise in the preference of consuming freshly cooked food. Moreover, technological advancements leading to emergence of more energy efficient models fuel the growth of the portable mini fridge industry. Furthermore, increase in demand for cold storage in commercial vehicles, rise in the hospitality industry, and growth in popularity of mobile medical services and transport are expected to drive the growth of the global market. However, high cost and unreliable cooling efficiency of the product hinder the growth of the global market. Moreover, increase in the adoption of micro home concepts & mobile homes and growth in adoption of recreational vehicles along with the introduction of new innovative designs are expected to provide lucrative opportunities, thereby driving the portable mini fridge market growth in future.

The report segments the portable mini fridge market based on type, application, and region. Based on type, the market can be segmented into less than 1 cu ft, 11.9 cu ft, 22.9 cu ft, 33.9 cu ft, and 45 cu ft. Based on application, the market is divided into commercial and residential use. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

In 2017, the 45 cu. ft. segment accounted for the highest share in the global portable mini fridge market. This was attributed to the high demand for the product in medical sector to store drugs and other similar medical items that require cooling. However, the 22.9 cu. ft. segment is expected to grow at the highest CAGR throughout the forecast period. This is due to increase in requirements for portable cooling solutions for outing and camping. As these activities are being adopted all over the world, the demand for 22.9 cu. ft. portable mini fridge has increased and contributed to the market growth.

In 2017, the commercial use segment held a significant share in the portable mini fridge market. This segment is driven by rise in consumption of fresh food items particularly by commercial vehicle drivers. The home use segment is expected to grow at a higher CAGR throughout 2018-2025 due to growth in adoption of compact appliances for small houses and mobile home concepts.

Key Findings of the Portable Mini Fridge Market:
Based on type, the 45 cu. ft. segment was the highest contributor to the portable mini fridge market in terms of value in 2018 and is expected to grow at a CAGR of 5.1%, from 2018 to 2025.
Based on application, the commercial use segment was the highest contributor to the portable mini fridge market in terms of value in 2017, and is estimated to grow at a CAGR of 4.7% from 2018 to 2025.
Based on type, the 22.9 cu. ft. portable mini fridge segment is expected to grow at the highest CAGR of 5.4% from 2018 to 2025.
Based on application, the home use segment accounted for approximately one-fifth of the share in the portable mini fridge market in 2017, and is estimated to grow at a CAGR of 6.2%.
Based on type, the 33.9 cu. ft. segment accounted for more than three-tenth of the share in the portable mini fridge market in 2017, and is anticipated to grow at the higher CAGR of 4.8%.
In terms of value, Asia-Pacific and LAMEA collectively contributed around half of the global market share in the portable mini fridge market in 2017. The key players profiled in the report include ARB, Danby, Dometic Group AB, EdgeStar (Living Direct, Inc.), Engel Australia Pty Ltd., Haier Inc, Koola
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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